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There will be no increase in the Local Property Tax (LPT) rate for Westmeath householders in 2022 it has been confirmed.
Workers made unemployed by the impact of Covid-19, and the lockdowns, enter 2021 facing tax liabilities on the welfare which sustained their livelihoods throughout last year.
Westmeath County Council has received a significant financial boost in recent times with a Government contribution of €5.5m afforded to the local authority to address the income vacuum incurred following the introduction of the commercial rates waiver in April of this year.
Galway county's local property tax rate will remain the same for next year after councillors voted to reject a 15 per cent at the local authority's plenary meeting at GMIT on Monday morning.
While affording cautious welcome to the raft of business support measures announced by the Government to aid the posy-COVID-19 economic recovery, local businessman and prominent Fianna Fáil Councillor, Aengus O’Rourke, noting the detrimental impact of the virus from a professional perspective, stated the mechanisms introduced are not sufficient.
Laura Lynch & Associates is a dynamic tax practice based in Galway city centre, providing strategic and relevant tax and business advice to its clients, who include individual and corporate business owners, business angel investor syndicates and emerging entrepreneurs, particularly in the Medtech sector. We deal with personal, corporate and international issues across all tax heads, applying a commercial and personal approach to a given set of circumstances.
The Minister for Finance Paschal Donohoe presented his fourth Budget on Tuesday. As was well signalled, this Budget was framed against the backdrop of a potential no deal Brexit. Given the current reality of climate change, unsurprisingly climate related initiatives have featured prominently within the measures announced. The details announced also include certain tax increases, limited changes to personal tax, together with targeted measures for SMEs.
UNMARRIED COUPLES. YOU COULD HAVE A LARGE TAX BILL IF YOUR PARTNER DIES.
Are you considering availing of The Fair Deal Scheme but worried about the tax and financial consequences on your savings and family home? Consider planning early.